Zacks Investment Research upgraded shares of UMH Properties (NYSE:UMH) from a sell rating to a hold rating in a research note issued to investors on Friday.

According to Zacks, “United Mobile Home’s primary business is the ownership and operation of manufactured home communities – leasing manufactured home spaces on a month-to-month basis to private manufactured home owners. The company also leases homes to residents. A manufactured home community is designed to accommodate detached, single family manufactured housing units, which are produced off-site by manufacturers and delivered by truck to the site. “

Separately, B. Riley reissued a buy rating on shares of UMH Properties in a research report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $18.50.

UMH Properties (UMH) traded down $0.02 during trading hours on Friday, reaching $13.98. 114,900 shares of the company were exchanged, compared to its average volume of 141,489. UMH Properties has a 12 month low of $13.65 and a 12 month high of $17.90. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.46 and a quick ratio of 4.46. The stock has a market capitalization of $488.28, a PE ratio of -63.55, a price-to-earnings-growth ratio of 1.58 and a beta of 0.61.

UMH Properties (NYSE:UMH) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.34). UMH Properties had a net margin of 1.05% and a return on equity of 0.74%. The firm had revenue of $28.69 million for the quarter, compared to analysts’ expectations of $28.79 million. During the same period in the previous year, the company earned ($0.02) EPS. The company’s revenue was up 13.1% on a year-over-year basis. equities analysts anticipate that UMH Properties will post 0.73 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd purchased a new position in shares of UMH Properties in the second quarter worth $214,000. Nationwide Fund Advisors raised its holdings in shares of UMH Properties by 6.9% in the second quarter. Nationwide Fund Advisors now owns 15,613 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 1,007 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of UMH Properties in the third quarter worth $260,000. Voya Investment Management LLC raised its holdings in shares of UMH Properties by 11.6% in the second quarter. Voya Investment Management LLC now owns 17,252 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 1,798 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of UMH Properties in the second quarter worth $305,000. 54.93% of the stock is owned by institutional investors.

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About UMH Properties

UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.

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